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EU financial transaction tax is illegal, say legal experts; Germany to push forward anyway

Ana Komnenic | September 11, 2013 | 8:11 pm Base Metals Precious Metals Europe Copper Gold Silver 

European Union lawyers reviewing a proposal to tax financial transactions of 11 member states have found that the measure goes against EU laws. According to the legal experts, the proposed financial transaction tax (FTT) "exceeds Member States' jurisdiction for taxation,"...

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